archiveAugust 2017

The Central Bank of Nigeria (CBN) has described e-fraud as the biggest challenge facing the electronic payment sector and needs to be collectively tackled by customers, banks and financial sector regulators. CBN Director, Banking & Payments System Department, ‘Dipo Fatokun who disclosed this at the weekend in Lagos, said fraud...

A constitutional lawyer, Pelumi Olajengbesi, on Friday called on the Acting President Prof. Yemi Osinbajo (SAN), to intercede in alleged one-sided promotion exercise about to commence in the Nigerian Police Force (NPF). He raised accusations that officers of the force were often elevated based on ethnicity and relationships rather than...

The Nigeria Customs Service of Niger, Kogi and Kwara Area Command generated about N308 million as Internally Generated Revenue in July 2017. Comptroller Benjamin Binga in charge of the three states disclosed this in an interview with News Agency of Nigeria (NAN) in Minna on Saturday. Binga said that this...

Lagos State Government said on Friday that it spent over N15 billion last year to beef up security and ensure the safety of lives and property in the state. The State Governor, Mr Akinwumi Ambode, who spoke at a dinner held at the Lagos House in Ikeja, in honour of...

A turnover of 2.518 billion shares worth N114.117 billion in 23,546 deals were traded this week by investors on the floor of the Nigerian Stock Exchange in contrast to a total of 2.211 billion shares valued at N30.636 billion that exchanged hands last week in 26,287 deals. The NSE All-Share...

In furtherance of its commitment to continually support and grow the Micro Small and Medium Enterprises (MSMEs) in the country, Fidelity Bank Plc held a four- day empowerment workshop for unregistered small business owners in Onitsha, Anambra State. Appropriately themed “Gaining Financial Freedom through Profitable Small Businesses” the workshop was...

Acting President Yemi Osinbajo, SAN, has appointed a 7-man Judicial Commission, headed by Justice Biobele A. Georgewill, of the Court of Appeal, to review compliance of the Nigerian Armed Forces with human rights obligations and rules of engagement, especially in local conflict and insurgency situations. The press statement by the...

The Central Bank of Nigeria (CBN) will be addressing key issues confronting the e-payment industry at a Bi-Monthly Forum organised by the Finance Correspondents Association of Nigeria (FICAN). The event, with the theme: ‘Electronic Payment Industry, Performance & Regulatory Issues’ will hold on August 5, 2017 at the FICAN Centre,...

Nigeria's Forte Oil said on Friday it was in talks with a major refinery to form a strategic partnership for local refining of petroleum products in Africa's top oil exporter, its chief executive said. Nigeria has been pushing to refurbish its decrepit refineries, as the country is still mainly dependent...

The Acting President, Yemi Osinbajo, on Friday told the military elite to be on the cutting edge of technology to defeat cyber hackers and terrorists and create a better future for the citizenry. He gave the charge in his address at the Silver Jubilee and graduation of 133 military and...